Skip to main content

About your Search

20130115
20130123
Search Results 0 to 4 of about 5
, president obama told reporters the u.s. can't afford a drawn-out debate over raising the debt ceiling, which could reach its lmit in mid february. "raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up, and we need to pay them." president obama warns that if the debt limit is not raised or used as leverage by republicans, markets would go haywire, interest rates would rise, and checks to military veterans and people on social security would end. gop senate minority leader mitch mconnel reponded by saying, "the president and his allies need to get serious about spending, and the debt-limit debate is the perfect time for it." traders will get their first opportunity to react to comments at the market close yesterday by federal reserve chairman ben bernanke. among the highlights, the fed chair says, the federal government is not out of ammunition, the fed's bond-buying program is not likely to lead to higher inflation, and the fed sees positive signs in
's "lawyers, guns and money" sums up a day filled with remedies and reactions to president obama's legislative answer to a series of fatal shootings. a series during his first term that did not lead to sweeping action until a threshold was crossed at sandy hook elementary school in newtown, connecticut, last month. our cover story explains what's next. after a month of meetings with parents of victims, law enforecement and members of the national rifle association, president obama signed 23 executive actions that can be implimented without congressional approval. they include money for schools to hire a thousand security officers and restoring aid to research gun violence at the centers for disease control. "congress, too, must act, and congress must act soon." the president listed a half- billion-dollar effort that will need congressional approval to enforce universal background checks for anyone buying a weapon, reinstatement of the assault-weapons ban that expired, a ban on high-capacity ammunition clips defined as more than ten rounds, and more aggressive prosecution of gun laws. reaction
cuts tied to raising the debt limit. president obama is calling for a "clean" debt limit increase, because it pays for bills the u.s. has already racked up. meanwhile, house speaker john boehner says he wants the house and senate to pass a budget in the near term that includes severe cuts to social programs. without a budget, boehner says lawmakers should not receive pay checks. president obama wants a balanced budget. the senate is expected to approve aid for states devastated by superstorm sandy. senators will vote on a $50 billion dollar bill today. last week, congress said yes to the funding... but not without no votes. the majority of republican house members voted against the bill.. calling it too expensive and saying it should come with spending cuts. january 4th, congress agreed to $9.7 billion package to assist with flood insurance claims from the storm. japan airlines is canceling more flights this week due to technical problems aboard boeing's 787 dreamliner. last week jal cancelled round trip flights.. and will continue those cancellations through january 25th. air
to speed up the disaster relief process. later this morning, president obama will deliver a series of concrete proposals to bring gun violence under control. in response to the horrific sandy hook school shooting, vice president joe biden has met with the nra, healthcare professionals, gun control groups and a rep from walmart, the nation's largest gun seller. the president will lay out the measures created from those meetings. likely on the list: a push for an assault weapons ban and better background checks. the president speaks at 11:45 eastern. children who wrote letters expressing concerns about gun violence in schools will join him. a new york city school bus driver strike starts today, affecting 152,000 students. more than 8,000 drivers and support workers are walking off the job to protest a lack of job protections. new york city mayor michael bloomberg has proposed a competetive bid process for school bus contracts in order to save money. the union is upset it may impact current drivers. this strike is the first such job action by unionized new york school bus drivers in
.4 billion. medicare is likely to come up in the debt ceilng debate. president obama has said he is willing to make minor adjustments. house republicans want severe cuts to stop the increase of medicare spending. the employment picture remains mixed around the globe. many employers in brazil, india, russia, china and the u.s. expect to add staff in 2013, according to careerbuilder. but europe will feel the pinch of austerity. a third of employers in italy expect to reduce staff this year, and hiring will stay flat in france. the u.k. and germany are slightly more optimistic, predicting a small uptick in job growth. get out your rulers, subway's footlong sub may be just shy of its advertised size. an australian man posted a picture on facebook showing the footlong sub at just 11 inches. the photo sparked controversy worldwide. subway has not yet responded. still to come, traders reveal tech stocks to buy as more pc users get unplugged? traders wire in late in the show. but first, is the end near for your local hardware store? paul eggers reports on big box chain versus independent hardware g
Search Results 0 to 4 of about 5